Palantir Stock: 50% Drop Imminent Be Ready!
23Head and Shoulders Pattern on Palantir Stock Could Lead to 50% Decline
In this video, we will be discussing the head and shoulders pattern that has developed on Palantir stock. This pattern is a bearish reversal pattern that can signal a significant decline in the price of the stock.
The head and shoulders pattern is formed when three peaks are created, with the middle peak being the highest. The shoulders are typically smaller than the head, and the neckline is the horizontal line that connects the lows of the two shoulders.
If the price of Palantir stock breaks below the neckline, it will confirm the head and shoulders pattern and could lead to a decline of up to 50%.
This could be a great opportunity for traders to make money on PLTR stock.
THIS IS NOT FINANCIAL ADVICE, AND I AM NOT RECOMMENDING TO BUY OR SELL STOCK. TRADE AT YOUR OWN RISK.
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